AD Ports Group, a leading global facilitator of logistics, industry, and trade, has signed a definitive concession agreement with the Red Sea Ports Authority (RSPA) to develop, operate, and manage three cruise terminals at Safaga, Hurghada, and Sharm El Sheikh ports.
This agreement strengthens AD Ports Group’s cruise business in the Red Sea region, supports volumes of cruise passengers, and elevates passenger and cruise experiences.
According to the statement, “AD Ports Group’s total investment of $4.7 million over the next 15 years will cover the management and operation of the three cruise terminals – expected to be operational in 2025 – to provide new services, improve access for cruise operators, and add new itineraries through the Group’s cruise terminal network in the red sea.”
Mohamed Juma Al Shamisi MD & Group CEO AD Ports
“We’re happy to build upon our initial agreement signed earlier in January. Today’s signings reaffirm our commitment to bolstering the cruise tourism sector in the Red Sea, through providing world-class facilities and services to passengers, while further strengthening bilateral ties between the UAE and Egypt, in line with the vision of our wise leadership. Sokhna is strategically positioned on the western shore of the Gulf of Suez. We are keen on collaborating with our partners at the General Authority of the Suez Canal Economic Zone to fulfill the region’s requirement for prime Cruise and Ro-Ro services.”
Furthermore, AD Ports Group and the General Authority of the Suez Canal Economic Zone (SCZONE) initialed two 30-year concession agreements for the development, management, and operations of a Ro-Ro terminal and a cruise terminal at Sokhna Port.
The company said that the agreements reaffirm strong bilateral ties between the two nations and follow a definitive concession agreement signed in December 2023 with the Red Sea Ports Authority (RSPA) for the development and operations of a multipurpose terminal at Safaga Port, bound to be the first internationally operated port serving the Upper Egypt region with an investment of $200 million made over three years.
